As WCBS 880 Long Island Bureau Chief Mike Xirinachs reported, some legislators viewed the proposal as the last best opportunity to rehab the 41-year-old arena.

“This is a very aggressive, ambition proposal but we’re also at the 11th hour. I mean, the lease expires in 2015. That being said, we don’t have too many options,” Minority Leader Kevan Abrahams told Xirinachs.